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Usha Resources Announces Resumption of Drilling at the Jackpot Lake Lithium Brine Project, Commences Multiple Exploration Programs Across Ontario Lithium Pegmatite Portfolio
Usha Resources Announces Resumption of Drilling at the Jackpot Lake Lithium Brine Project, Commen...
About this update from Usha Resources Ltd
[{"type":"text","content":"\n \n \n \n Usha Resources Announces Resumption of Drilling at the Jackpot Lake Lithium Brine Project, Commences Multiple Exploration Programs Across Ontario Lithium Pegmatite Portfolio\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 18, 2023\n \n \n /CNW/ -\n \n \n Usha Resources Ltd.\n \n (\"USHA\" or the \"Company\")\n \n (TSXV: USHA) (OTCQB: USHAF) (FSE: JO0), a North American lithium mineral acquisition and exploration company focused on the development of drill-ready lithium and other battery and precious metal projects, is pleased to announce the resumption of drilling activities at its flagship Jackpot Lake Lithium Brine Project (\"\n \n Jackpot Lake\n \n \") and the commencement of exploration at each of its six (6) lithium pegmatite projects in\n \n Ontario\n \n .\n \n \n \n Highlights:\n \n \n \n \n Drilling is anticipated to commence on or about\n \n June 1, 2023\n \n , with a larger, more powerful drill rig that should allow each of JP22-01 and JP22-02 to be developed and sampled to 2,000 feet in an expanded borehole, something that was not possible using the previous rig. The Company is advancing these holes as part of its fully financed maiden drill program with the goal of delivering a 43-101 resource estimate. The Company presently has a working capital of approximately\n \n C$3 million\n \n inclusive of drilling costs for JP22-01 and JP22-02.\n \n \n Drilling to 2,000 feet should allow the Company to greatly expand on the 99-foot and 273–foot intervals of the higher-porosity sand and conglomerate zones where it believes the best potential brines are present. Sampling this zone is a high priority for the project as the coarse-grained basal units are a primary focus for expansio...